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  2. Delaware General Corporation Law - Wikipedia

    en.wikipedia.org/wiki/Delaware_General...

    Delaware charges a franchise tax on the corporations incorporated in it. Franchise taxes in Delaware are higher than in most other states which typically get revenue from corporate income taxes on the portion of the corporation's business done in that state. Delaware's franchise taxes supply about one-fifth of its state revenue. [17]

  3. Franchise tax - Wikipedia

    en.wikipedia.org/wiki/Franchise_tax

    A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity. The franchise tax effectively ...

  4. Delaware Court of Chancery - Wikipedia

    en.wikipedia.org/wiki/Delaware_Court_of_Chancery

    The Delaware Court of Chancery is a court of equity in the U.S. state of Delaware. It is one of Delaware's three constitutional courts, along with the Supreme Court and Superior Court. Since 2018, the court consists of seven judges.

  5. Elon Musk hates Delaware now. Here’s why millions of ... - AOL

    www.aol.com/finance/elon-musk-hates-delaware-now...

    Elon Musk is threatening to move the state of incorporation for Tesla, his half-a-trillion-dollar company, from Delaware to Texas after a judge in the First State voided a $55.8 billion ...

  6. Corporation Trust Center - Wikipedia

    en.wikipedia.org/wiki/Corporation_Trust_Center

    It was estimated in 2012 that $9.5 billion of potential taxes had not been levied over the past decade, due to an arrangement known as the "Delaware loophole". [2] Companies formed in Delaware are required to have an address in the state at which process may be served .

  7. Value of Franchise Rights Under BIG Tax: 'H R B-Delaware v ...

    www.aol.com/news/value-franchise-rights-under...

    For premium support please call: 800-290-4726 more ways to reach us more ways to reach us

  8. Electronic Federal Tax Payment System - Wikipedia

    en.wikipedia.org/wiki/Electronic_Federal_Tax...

    EFTPS allows taxpayers to pay federal taxes 24/7. Direct Pay only allows for the payment of individual tax payments (1040 series) and estimated taxes. It does not cover business-related taxes. Through EFTPS, taxpayers can also verify the last 16 months of their tax payment history. Direct Pay does not provide a payment history feature.

  9. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...

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